News for 'economic-crisis'

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Rediff.com12 Jul 2022

At least 10 persons were admitted to the National Hospital after the confrontation between protesters who have currently been staying inside the prime minister's official residence, the Colombo Post news portal reported.

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Over 1000 killed, 1500 injured as powerful earthquake hits Afghanistan

Rediff.com22 Jun 2022

The US Geological Survey said the quake struck about 44 km (27 miles) from the city of Khost in southeastern Afghanistan and was at a depth of 51 km.

'Gotabaya Rajapaksa may not resign'

'Gotabaya Rajapaksa may not resign'

Rediff.com12 Jul 2022

'There is fear that the president and prime minister are dragging their feet and won't resign.'

Rishi Sunak declares bid to contest UK PM race, says will fix economy

Rishi Sunak declares bid to contest UK PM race, says will fix economy

Rediff.com23 Oct 2022

In an accompanying vision statement, the former finance minister highlighted his track record of serving in the Cabinet, helping to steer the economy through the toughest of times with the COVID pandemic.

ITC's luxury project in Colombo hit as Sri Lanka economy sinks

ITC's luxury project in Colombo hit as Sri Lanka economy sinks

Rediff.com30 Jun 2022

ITC's first foreign venture in the hotel space - a premium and luxury mixed-use development - has been "adversely impacted" by Sri Lanka's economic crisis, the firm said. The $300-million project under WelcomHotels Lanka (Private) Limited (WLPL), a wholly-owned subsidiary of ITC, comprises a luxury hotel and a super-premium residential apartment complex on 5.86 acres of prime sea-facing land in Colombo. In its latest annual report for financial year 2021-22 (FY22), ITC mentioned that the project's construction was running on schedule till the third quarter (Q3) of FY19, but was adversely impacted due to disruptions in the aftermath of the terror incidents in 2019 and thereafter by recurrent waves of the Covid-19 pandemic.

Liz Truss cancels BBC interview, Sunak camp accuses her of evading scrutiny

Liz Truss cancels BBC interview, Sunak camp accuses her of evading scrutiny

Rediff.com30 Aug 2022

The Cabinet minister pulled out of the interview hours before it was to air on Tuesday evening, with her team saying she could no longer spare the time.

2022 Will Determine Xi's Political Future

2022 Will Determine Xi's Political Future

Rediff.com3 Jan 2022

Xi does not want to risk any political or economic crisis complicating his bid to remain in office, observes Ambassador Shyam Saran, the former foreign secretary.

Vinay Mohan Kwatra is India's next foreign secretary

Vinay Mohan Kwatra is India's next foreign secretary

Rediff.com5 Apr 2022

Known to be having extensive expertise in dealing with India's neighbourhood as well as the US, China and Europe, the 1988-batch Indian Foreign Service (IFS) officer pipped nearly half-a-dozen others in the race for the coveted post including Indian High Commissioner to UK Gaitri Issar Kumar (1986-batch IFS) and Ruchira Kamboj (1987 batch IFS).

Lanka's main Opposition SJB 'ready' to lead new govt

Lanka's main Opposition SJB 'ready' to lead new govt

Rediff.com11 Jul 2022

Sri Lanka's main opposition party Samagi Jana Balavegaya (SJB) on Monday said it is ready to lead the next government to bring stability to the bankrupt island nation as it grapples with political and economic crises and any resistance to the move in Parliament will be seen as a 'treacherous act'.

Asia Cup final more than just cricket for Sri Lanka...

Asia Cup final more than just cricket for Sri Lanka...

Rediff.com10 Sep 2022

Coming off a socio-economic crisis and the worst turmoil in its country's history, the Sri Lankan cricket team would like to provide the island nation with an emotional catharsis by beating fancied Pakistan in the Asia Cup final in Dubai on Sunday.

Disastrous Decisions, Achievements: Pervez Musharraf's Mixed Legacy

Disastrous Decisions, Achievements: Pervez Musharraf's Mixed Legacy

Rediff.com6 Feb 2023

Learning perhaps from the Kargil debacle, Musharraf tried hard to evolve as a statesman in his dealings with India, recalls Rana Banerji, who headed the Pakistan desk at RA&W.

Here to fix mistakes, says PM Rishi Sunak in first address

Here to fix mistakes, says PM Rishi Sunak in first address

Rediff.com25 Oct 2022

Newly-appointed British Prime Minster Rishi Sunak said on Tuesday that he has been elected to fix some of the "mistakes" made by his predecessor as he promised to place "economic stability and confidence" at the heart of his government's agenda.

'Rajapaksa will try everything to hold on to power'

'Rajapaksa will try everything to hold on to power'

Rediff.com13 Jul 2022

'The fact that he hasn't resigned so far shows that he is going to do everything to hold onto power.'

'US didn't tell Pakistan to oust me'

'US didn't tell Pakistan to oust me'

Rediff.com14 Feb 2023

'From what evidence has come up, General Bajwa somehow managed to tell the Americans that I was anti-American.' 'And so, it [the plan to oust me] wasn't imported from there. It was exported from here to there.'

Army deployed in petrol pumps as fuel shortage cripples Sri Lanka

Army deployed in petrol pumps as fuel shortage cripples Sri Lanka

Rediff.com22 Mar 2022

Sri Lanka on Tuesday deployed military personnel at State-run petrol pumps to monitor and manage fuel distribution amidst a shortage that led to serpentine queues of consumers outside filling stations.

Asia Cup: Sub-continental giants resume rivalry

Asia Cup: Sub-continental giants resume rivalry

Rediff.com26 Aug 2022

India, Pakistan, Sri Lanka, Afghanistan and Bangladesh can beat each other on their day

Lalu addresses RJD workers, slams Modi-Nitish duo

Lalu addresses RJD workers, slams Modi-Nitish duo

Rediff.com5 Jul 2021

Appearing on national television to mark the silver jubilee of the party he founded in 1997 after breaking away from the Janata Dal, Prasad, who is suffering from many ailments and convalescing at his MP daughter Misa Bharti's residence in New Delhi, recalled his struggles for OBC quota and the fight for the rights of the weaker sections.

Why Sri Lanka Is In Crisis

Why Sri Lanka Is In Crisis

Rediff.com4 Apr 2022

The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.

The BEST of CWG Opening Ceremony

The BEST of CWG Opening Ceremony

Rediff.com29 Jul 2022

The Birmingham Games will break new ground with more medals awarded to women (136) than men (134), a first for a multi-sport event.

Sri Lankan crisis: Indian orthodox tea gets a boost

Sri Lankan crisis: Indian orthodox tea gets a boost

Rediff.com30 Jun 2022

It's a busy season for Indian producers of orthodox tea. As Sri Lanka, the world's largest supplier of orthodox tea, struggles with its worst economic crisis, a window of opportunity has opened up in neighbouring India. Calls to Indian planters and exporters from foreign buyers of Sri Lankan orthodox tea are pouring in and the buoyant sentiment is reflecting in prices at auction centres. Orthodox tea refers to loose-leaf tea which is produced using traditional or orthodox methods such as plucking, withering, rolling, oxidation and drying.

Lankan presidential secretariat reopens after blockade; 3 held for theft

Lankan presidential secretariat reopens after blockade; 3 held for theft

Rediff.com25 Jul 2022

The presidential secretariat which was occupied by the protesters from July 9 till Friday last is re-opened and the staff reported to work on Monday, officials said.

Historic! Rishi Sunak to be UK's 1st Indian-origin PM

Historic! Rishi Sunak to be UK's 1st Indian-origin PM

Rediff.com24 Oct 2022

Rishi Sunak on Monday is all set to make history on Diwali as Britain's first Indian-origin prime minister after being elected unopposed as the new leader of the governing Conservative Party, following Penny Mordaunt's withdrawal from the race.

Rishi Sunak likely to become first Indian-origin British PM today

Rishi Sunak likely to become first Indian-origin British PM today

Rediff.com24 Oct 2022

With the former prime minister stepping aside on Sunday night saying it was "simply not the right time" for his comeback, the prospect of a Diwali victory for Sunak cannot be ruled out.

Wickremesinghe elected Lankan president, to serve till November 2024

Wickremesinghe elected Lankan president, to serve till November 2024

Rediff.com20 Jul 2022

Ranil Wickremesinghe was on Wednesday elected as Sri Lanka's new President by Parliament, in a rare move that could provide continuity for ongoing discussions with the International Monetary Fund for a bailout for the cash-strapped nation but a development likely to anger anti-government protesters who have been demanding his resignation from office for weeks.

Wickremesinghe, Premadasa among 4 in fray for presidential polls in Sri Lanka

Wickremesinghe, Premadasa among 4 in fray for presidential polls in Sri Lanka

Rediff.com16 Jul 2022

Parliament met for a brief special session on Saturday to announce the vacancy in the presidency following the resignation of Rajapaksa.

'New Pak army chief won't want trouble with India for now'

'New Pak army chief won't want trouble with India for now'

Rediff.com1 Dec 2022

'The last thing he would want is new tensions with India.'

Forex-starved Sri Lanka runs out of cash to buy fuel

Forex-starved Sri Lanka runs out of cash to buy fuel

Rediff.com21 Feb 2022

Sri Lankan government on Monday admitted that it has run out of cash to buy fuel as pumps in most filling stations across the country have run dry, exacerbating the deepening foreign-exchange crisis that has crippled the island nation's economy.

Indians defer travel plans as Sri Lanka imposes curfew

Indians defer travel plans as Sri Lanka imposes curfew

Rediff.com4 Apr 2022

For Indians, Sri Lanka is one of the favourite venues for destination weddings. But last month, when a family from Delhi chartered a Vistara Airbus A320 to Colombo, it packed much more than the standard paraphernalia of clothes, gifts and jewellery. The family ferried meals from Delhi for all the guests and to cover their entire stay in Colombo due to the food and fuel shortages in the island nation.

Imran gets a reprieve as Pak parliament session put off to Monday

Imran gets a reprieve as Pak parliament session put off to Monday

Rediff.com25 Mar 2022

The Pakistan National Assembly's crucial session on a no-trust motion against embattled Prime Minister Imran Khan was adjourned on Friday without tabling of the resolution, amid vociferous protests from opposition lawmakers.

BJP finishing off regional allies, Nitish took wise step: Pawar

BJP finishing off regional allies, Nitish took wise step: Pawar

Rediff.com10 Aug 2022

Pawar said Nitish took the decision anticipating the crisis the BJP was planning to bring on.

Lanka Parliament to directly elect Prez for first time in 4 decades

Lanka Parliament to directly elect Prez for first time in 4 decades

Rediff.com19 Jul 2022

Sajith Premadasa, the 55-year-old leader of Sri Lanka's principal opposition party Samagi Jana Balawegaya, said on Tuesday that he was withdrawing from the race of President to provide support to Alahapperuma.

Four German teams join forces to aid crisis-hit clubs

Four German teams join forces to aid crisis-hit clubs

Rediff.com26 Mar 2020

The German football body will decide on the criteria for the distribution of the solidarity fund.

Lanka protesters surround PM Mahinda's residence

Lanka protesters surround PM Mahinda's residence

Rediff.com24 Apr 2022

Thousands of Inter University Students' Federation (IUSF) students were seen sloganeering outside the Prime Minister's Residence in Wijerama Mawatha.

'People in power are fearful of the protestors'

'People in power are fearful of the protestors'

Rediff.com18 Jul 2022

'No one in Sri Lanka could afford to stay at home, everyone came onto the street.'

Gotabaya quits, new Lanka Prez within 7 days: Speaker

Gotabaya quits, new Lanka Prez within 7 days: Speaker

Rediff.com15 Jul 2022

The 73-year-old leader on Thursday emailed his resignation letter to the Speaker soon after he was allowed by Singapore to enter the city-state on a "private visit".

IndiGo finally bites the bullet; to lay off 10% staff

IndiGo finally bites the bullet; to lay off 10% staff

Rediff.com20 Jul 2020

It is for the first time in the history of IndiGo that we have undertaken such a painful measure, CEO Ronojoy Dutta said.

Sri Lankan PM agrees to quit amid political turmoil

Sri Lankan PM agrees to quit amid political turmoil

Rediff.com9 Jul 2022

Wickremesinghe will resign after an all-party government is established and the majority is secured in Parliament.

Lankan forces raid protesters' camp; 9 held, several injured

Lankan forces raid protesters' camp; 9 held, several injured

Rediff.com22 Jul 2022

Sri Lankan security forces raided the main anti-government protest camp at the President's Secretariat in Colombo early on Friday, arresting nine people and injuring several others, as the protesters continued to occupy the sensitive area despite the resignation of Gotabaya Rajapaksa as president.

COVID, economic recovery, racial equality top priorities for Biden, Harris

COVID, economic recovery, racial equality top priorities for Biden, Harris

Rediff.com9 Nov 2020

The Biden team updated its website to showcase four policy areas the incoming administration will prioritise: COVID-19, economic recovery, racial equity and climate change.

Sri Lanka: 'Political stability must be restored'

Sri Lanka: 'Political stability must be restored'

Rediff.com7 May 2022

'For the common man, the economic conditions are not going to get better.'